Liberty Specialty Markets

Liberty Specialty Markets appoints Axa XL’s Harth to lead the Germany office


Liberty Specialty Markets has hired Michael Harth as country manager for Germany, starting in January 2022.


Convex chooses Luxembourg for new European insurance entity


Convex has created a Luxembourg-based European insurance entity to serve clients within the European Economic Area.

Kordel, Germany. 15th July, 2021 – Germany floods

European cat in focus as reinsurers expected to push for meaningful 1.1 increases


Escalating insured losses of €10bn+ from the European floods will meaningfully impact some reinsurers and retro writers and drive 1 January cat renewal discussions on the continent as underwriters push hard for higher rates and buyers argue that moderation is warranted due to historically low loss ratios.

EU UK flag

Insurers call for post-Brexit Solvency II overhaul to aid green transition


Insurance executives told an influential group of MPs on Monday that the UK should make urgent reforms to the EU’s Solvency II capital rules in order to free up cash for green investments.


Helvetia posts H1 non-life CR of 94.5% despite CHF70mn June storms bill


Expansive Swiss carrier Helvetia has reported a net combined ratio in its non-life business unit of 94.5 percent for the first half of 2021, a 1.4 percentage point improvement on the prior-year period.


Markel targets growth in French market with Paris office launch


Markel has opened a new branch office in Paris to support SMEs in the French market.

Kordel, Germany. 15th July, 2021 – Germany floods

SiriusPoint pegs European flood losses at $70mn to $100mn


SiriusPoint has more than doubled its expected losses from July’s European flooding amid rising expectations of a €10bn ($11.8bn) industry loss from the event.

Camille Luciani – BHSI

BHSI bolsters French unit with Swiss Re’s Luciani


Berkshire Hathaway Specialty Insurance (BHSI) has named Camille Luciani head of customer and broker engagement in France.

Germany flood

Market fears €10bn loss from European floods


Market concerns over the quantum of losses from July’s European floods are continuing to grow, with fears the event may now cost in excess of €10bn ($11.8bn), according to Ascot CEO Andrew Brooks.

Allianz skyscraper in Berlin

Allianz fund losses under investigation by German regulator: reports


German regulators have launched an investigation into insurer Allianz in relation to the management of Allianz’s Structured Alpha funds during the market downturn last year, according to reports.

GDV Germany losses

German floods and hail insured losses set to hit €11.5bn, says GDV


German carriers are on course for their most expensive year for natural catastrophes for more than 50 years, the country’s insurance association has warned.

Romain Launay Scor

Scor names Launay deputy CEO of Global P&C in broader management shuffle


Scor has appointed Romain Launay deputy CEO of its Global P&C business and CEO of its specialty platform in what is just one of a series of moves the French reinsurer’s newly installed CEO Laurent Rousseau has made as part of a management reshuffle.

Fossil fuels US EU Japan

European carriers outpace US and Japanese rivals on fossil fuel restrictions


European (re)insurers continue to outpace their counterparts in the US and Japan in making commitments towards restricting underwriting for fossil fuels.

US stocks

European (re)insurance shares dip after Ida landfall


European stocks dipped in morning trading on Tuesday as investors continued to react to the landfall of Hurricane Ida in Louisiana over the weekend.

Laurent Hepner – Miller

Miller hires Hepner to credit and political risk team as launches Geneva office


Miller has appointed Laurent Hepner to its credit and political risk insurance team, based in the company’s new Geneva office.

Kordel, Germany. 15th July, 2021 – Germany floods

German insurers now expect €7bn loss from July flooding


German carriers now expect to incur losses of around €7bn ($8.3bn) from the flooding which impacted the country during July.

Gállegos – BHSI

BHSI names QBE’s Gállegos as country manager for Spain


Berkshire Hathaway Specialty Insurance has added QBE’s Constanza Gállegos to its leadership team in Europe as country manager for Spain.

Clyde & Co

Clyde & Co: Global insurance M&A dips in first half of 2021


Insurance industry M&A dropped in the first half of 2021, according to Clyde & Co, with the number of completed deals down 3 percent in the first half of the year.

Coverys and Brady Insurance

Coverys European Holdings continues to expand with Brady Insurance acquisition


Coverys European Holdings has completed the 51 percent acquisition of Joseph G Brady (Brady Insurance), an insurance underwriting agency, broker and Lloyd’s coverholder based in Ireland.

Jeroen Everling – Howden

Howden continues European build-out with Everling hire in Netherlands


Howden has hired Willis Towers Watson’s Jeroen Everling as CEO of its Netherlands corporate business, as it continues to expand its European operations.